Can I Buy Fortinet Inc Shares in India?

Yes, Fortinet Inc shares can be bought in India by opening an international trading account with Groww.

How to Buy Fortinet Inc Shares in India?

One can easily invest in Fortinet Inc shares from India by: Direct Investment - Opening an international trading account with Groww which includes KYC verification in the US. Your account gets activated in a few minutes to a few hours, after which you can start adding funds in USD balance to buy Fortinet Inc shares. Indirect Investment - Under this form of investment, you can choose either a Mutual Fund (MF) or an Exchange-Traded Fund (ETF) that invests in global shares and start investing in shares of Fortinet Inc.

What is the Share Price of Fortinet Inc?

The share price of Fortinet Inc is in Dollars and if you are investing from India, you can always check the INR valuation before investing. The current Fortinet Inc share price is $52.49 as of 3 Dec ‘23

What is the Market Cap of Fortinet Inc?

The Fortinet Inc market cap is $40.30B as of 3 Dec ‘23

What is the PE and PB ratio of Fortinet Inc?

The PE and PB ratio of Fortinet Inc is 35 and 544 as of 3 Dec ‘23

Fortinet Inc Share Price, FTNT Stock Price Quote Today

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Fortinet Inc Technology 
$52.49
-0.07(0.13%) 1D
1D
1W
1M
1Y
3Y
5Y
Performance
Open PricePrev. CloseVolumeAvg. Volume
$52.05$52.567,175,4968,365,914
FundamentalsMarket Cap$40.30B
P/B Ratio544
P/E Ratio35
Enterprise Value$39.11B
Div. Yield0.00%
Book Value0.10
EPS(TTM)1.47
ROE3679.30%
Understand Fundamentals
FUNDAMENTALS
It is financial information that is reported quarterly or annually.
Market Cap
Market cap or market capitalization is the total market value of all of a company's outstanding shares.
Div. Yield
The divided yield displayed as a percentage is the amount of money a company pays shareholders for owning a share of its stock divided by its current stock price
P/B Ratio
The price-to-book ratio is a company's current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock.
Book Value
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities.
P/E Ratio
The price-earnings ratio is a company's share price to the company's Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued.
EPS(TTM)
Earnings per share (EPS) is a company's net profit divided by the number of common shares it has outstanding. EPS indicates how much money a company makes for each share of its stock, and is widely used metric to estimate corporate value
Enterprise Value
Enterprise Value is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.
ROE
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholder's equity
About the CompanyFortinet, Inc. is an American company that provides a wide range of cybersecurity solutions. Its host of products and services includes web application firewalls, antivirus, email security, endpoint security software and more. The company was founded in the year 2000 and is based out of Sunnyvale, California. It owns a manufacturing assembly that covers an area of approximately 2,00,000 sq. ft. Also, it has a large number of offices in various countries worldwide.
Four years after Fortinet’s establishment, it was able to raise about $90 million in funding. Five years later, it went public and raised an additional $156 million. Fortinet, Inc. shares are traded on NASDAQ as “FTNT”.
FTNT is the only cybersecurity solutions provider that has introduced a customised SPU technology that is significantly better than similar products in the industry. In 2002, FTNT launched FortiGate, an advanced firewall that provides maximum security and end-to-end encryption. The product was tested by NSS labs who gave it a 99.3% rating for its security efficiency. FTNT introduced Security Information and Event Management products in 2016, which were incorporated with other security systems.
Since its inception, Fortinet has acquired over 10 companies which include organisations from other countries as well. Some of its noteworthy acquisitions included XDN, an app hosting service provider and Coyote Point Systems, a producer of computer systems equipment. In 2015, FTNT announced that it would acquire MERU Networks; the acquisition was completed for approximately $44 million. This marked the company’s largest acquisition to date.
The market price of FTNT shares reached an all-time high on July 9th, 2020, when it almost reached the 150-level mark. In the same year, it was a recipient of Microsoft’s Commercial Marketing Partner of the Year award. It also ranked 16th on Fortune’s list of the 100 fastest-growing companies in 2020.;
OrganisationFortinet Inc
IndustrySoftware—Infrastructure
HeadQuartersSunnyvale, CA
Company Financials
*All values are in Million $
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Open Price	Prev. Close	Volume	Avg. Volume
$52.05	$52.56	7,175,496	8,365,914

Market Cap	$40.30B
P/B Ratio	544
P/E Ratio	35
Enterprise Value	$39.11B

Organisation	Fortinet Inc
Industry	Software—Infrastructure
HeadQuarters	Sunnyvale, CA